Apartment Income REIT (AIRC) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apartment Income REIT in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AIRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIRC, but not buy additional shares or sell existing shares.
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9 equities research analysts have issued twelve-month price objectives for Apartment Income REIT's stock. Their AIRC share price targets range from $31.00 to $39.12. On average, they expect the company's stock price to reach $36.59 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
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Apartment Income REIT's stock was trading at $34.73 at the start of the year. Since then, AIRC stock has increased by 10.4% and is now trading at $38.35.
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Apartment Income REIT saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,440,000 shares, a drop of 24.7% from the March 15th total of 3,240,000 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.7% of the shares of the company are short sold.
View Apartment Income REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our AIRC earnings forecast.

Apartment Income REIT Corp. (NYSE:AIRC) issued its quarterly earnings data on Thursday, July, 28th. The company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $1.04. Apartment Income REIT had a net margin of 77.37% and a trailing twelve-month return on equity of 26.29%. During the same period in the previous year, the firm earned $0.52 earnings per share.

Apartment Income REIT announced a quarterly dividend on Wednesday, January 31st. Shareholders of record on Friday, February 16th will be paid a dividend of $0.45 per share on Tuesday, February 27th. This represents a $1.80 annualized dividend and a yield of 4.69%. The ex-dividend date is Thursday, February 15th.
Read our dividend analysis for AIRC.

Apartment Income REIT (NYSE:AIRC) pays an annual dividend of $1.80 per share and currently has a dividend yield of 4.69%. AIRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIRC will have a dividend payout ratio of 72.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIRC.

ETFs with the largest weight of Apartment Income REIT (NYSE:AIRC) stock in their portfolio include Residential REIT ETF (HAUS), Invesco S&P Spin-Off ETF (CSD), Kelly Residential & Apartment Real Estate ETF (RESI), Nuveen Short-Term REIT ETF (NURE), Invesco KBW Premium Yield Equity REIT ETF (KBWY), JPMorgan Realty Income ETF (JPRE), ALPS REIT Dividend Dogs ETF (RDOG) and iShares Residential and Multisector Real Estate ETF (REZ).

Apartment Income REIT updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 2.330-2.430 for the period, compared to the consensus estimate of 2.530. The company issued revenue guidance of -.

Apartment Income REIT's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Aurora Investment Managers LLC. (0.06%), West Coast Financial LLC (0.06%), Pensionfund DSM Netherlands (0.04%), Pensionfund Sabic (0.02%) and Perpetual Ltd (0.02%). Insiders that own company stock include Ann Sperling, Devin Ignatius Murphy, John D Rayis, Joshua Minix, Kathleen M Nelson, Keith M Kimmel, Lip Bu Tan, Lisa R Cohn, Matthew O'grady, Paul Beldin, Terry Considine and Thomas N Bohjalian.
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Shares of AIRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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